Delisting from NASDAQ OMX Iceland accepted

Tórshavn, Faroe Islands, 2014-02-04 21:30 CET (GLOBE NEWSWIRE) --
P/F Atlantic Petroleum (NASDAQ OMX & Oslo Børs: FO-ATLA & ATLA) announces that NASDAQ OMX Iceland has today accepted the Company’s request from 13th November 2013 to remove the shares from trading on NASDAQ OMX Iceland. The delisting will be effective as of close of trading on Friday 7th February 2014.

With reference to the Company's announcement from 12th December 2013 the Company was informed that the delisting process had been delayed as NASDAQ OMX Iceland were awaiting a determination from the Central Bank of Iceland on how Icelandic investors in the Company could trade in the Company's shares following the delisting. The Central Bank of Iceland has now responded to the request and granted all shareholders in Atlantic Petroleum resident in Iceland a right to sell their shares in the Company in Denmark and Norway for foreign currency.

Following the delisting from NASDAQ OMX Iceland, the shares of Atlantic Petroleum will be listed on NASDAQ OMX Copenhagen (primary listing) and Oslo Børs.

Atlantic Petroleum in brief:

Atlantic Petroleum is a full cycle exploration and production (E&P) Group focused on North West Europe. Atlantic Petroleum currently holds 42 oil and gas licences in the UK, Norway, Faroe Islands, Ireland and the Netherlands, and has three fields in production in the UK part of the North Sea. In addition to this, the Group has one field under development with first oil expected in 2015, two additional potential development projects and a substantial number of exploration prospects. Atlantic Petroleum participates in joint ventures with 30 reputable, international partners. Atlantic Petroleum’s main office is located in Tórshavn, Faroe Islands, and the Company has subsidiaries and technical offices in London, UK and Bergen, Norway. Atlantic Petroleum’s shares are listed on NASDAQ OMX Copenhagen, NASDAQ OMX Iceland and on Oslo Børs.

Further Details:

Further details can be obtained from Ben Arabo, CEO, tel +298 350100 (ben.arabo@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo.

On the website, it is also possible to sign up for the Company’s e-mail newsletter.

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